This property looks like a bad Mid-Term investment with a projected -5.46% first-year return on $143k initial cash invested.
-5.46%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$5,271
Rent
-$651
Cashflow
Cash Flow
$5,271 income − $5,922 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,954
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,271
Total Expenses
$5,922
Mortgage P&I
62%
$3,272
Property Taxes
12%
$647
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580